The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization dropping to $2.07 trillion, marking an 8.6% decrease. Bitcoin, the leading digital asset, has been hit hard, with its price falling below $54,000 for the first time since February. This sharp decline has had a negative impact
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Bitwise, an asset management firm, has recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes following statements made by SEC Chair Gary Gensler regarding the potential approval of spot Ether ETFs
Recently, South Korea’s Financial Supervisory Service (FSS) has announced its plans to tighten oversight of crypto trading platforms under its jurisdiction in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to establish a more secure and transparent environment for cryptocurrency trading. In a notice released on July 4, the
As Bitcoin continues to face volatility and fluctuation in its price, crypto expert Michael van de Poppe has identified a crucial indicator that suggests a potential bounce for the flagship cryptocurrency. After a recent dip below $60,000, Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, indicating a shift
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either shutting down their operations or selling off a portion of their Bitcoin reserves. Following the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This decline indicates that less efficient miners
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a lawsuit related to its NFTs. Recently, a US District Judge in Massachusetts made a ruling that denied DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs. This particular decision has the potential to have widespread implications for how NFTs are
The recent crash in the crypto market has sent shockwaves throughout the industry, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, many traders have found themselves in a precarious position, leading to significant losses in just the last day. The market-wide panic has caused tens of thousands of traders
The price of Ethereum (ETH) is currently facing a significant downturn, with the price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and a growing bearish sentiment in the market. Traders are now closely monitoring Ethereum’s behavior to determine whether it will stabilize or experience a
Despite the negative market conditions and bearish trend of Bitcoin, large investors holding more than $600,000 worth of the cryptocurrency have been actively accumulating BTC over the past six months. According to recent data from on-chain tracking platform, Santiment, these investors have been increasing their holdings significantly. The main cohort involved in this accumulation are
The meme coin DADDY experienced a significant surge of 35% in its price within the last 24 hours, currently trading at around $0.15 with a market capitalization close to $100 million. This surge was supposedly triggered by an announcement made by Andrew Tate, a former kickboxer and online influencer. Tate encouraged DADDY holders to accumulate